Number of consumers in the market

[rakibhasanbd4723]

Latent demand is the needs of consumers that are not yet satisfied in the market. This may be due to the lack of products or services that meet consumer needs.
consumer demand
Factors Affecting Consumer Demand
Price of the product
Price is one of the main factors that bulk sms turkey determine demand. Generally, as the price increases, the quantity demanded decreases, and vice versa. However, for some products, such as luxury products, as the price increases, demand may also increase.
Consumer income
The level of consumer income has a significant impact on demand. As income increases, consumers are more likely to buy more expensive goods and services.
Consumer preferences and tastes
Changes in consumer preferences and tastes can significantly affect demand. Trends, fashion and advertising play an important role in shaping these preferences.

The greater the number of consumers in the market, the higher the demand for goods and services. This is due to the increase in the total population and the growth of purchasing power.
Economic situation
Economic stability and growth have a positive effect on consumer demand. During a crisis, demand can decline significantly as consumers become more cautious in their spending.
consumer demand
Methods of consumer demand analysis
Surveys and questionnaires